Subsidy expenditures granted by the German federal layer decreased in the 2000 to 2004 period from €39.6 billion to €33.7 billion, measured according to a comprehensive definition of subsidies. In a narrower definition, figures accounted for about €2 billion below that level. From 2005...

With respect to its GDP of markedly more than USD 2,000 bn, India is the seventh largest economy in the world, with respect to population it is even the second largest. Therefore, India has a substantial market potential. The authors analyze in how far the fast growing Indian economy has...

With respect to its GDP of markedly more than US$ 2,000 billion, India is the seventh largest economy in the world, with respect to population it is even the second largest. Therefore, India has a substantial market potential. The authors analyze in how far the fast growing Indian economy has...

A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper, we propose that there may be a direct effect as well as an indirect effect via export activity. We test these hypotheses for sectoral R&D intensities using OECD panel data for...

The dates of U.S. business cycle are reported by NBER with a considerable delay, so an early notion of turning points is of particular interest. This paper proposes a novel sequential approach designed for timely signaling these turning points. A directional cumulated sum decision rule is...

This paper evaluates the effect of AIDS-related mortality on per-capita incomes of surviving household members, using a large nationally representative sample of rural households from Zambia. To minimize selection bias that may arise because AIDS is likely to be the endogenous outcome of...

In the next years several power plants throughout Europe have to be replaced and the questions is whether to build coal fired power plants with carbon capture and storage (CCS). In a study for the city of Kiel in northern Germany only a 800 MW coal power plant reaches a required minimum...

Using available annual data of 174 economies since 1957, we examine the similarities and differences of seven international reserve ratios. While individual international reserve ratios display substantial variations across economies, they are associated with an economy?s characteristics...

In his paper "Challenges Associated with the Expansion of Deposit Insurance Coverage during Fall 2008" Sebastian Schich of the OECD has written an excellent overview of the current situation of bank deposit insurance in the industrial economies of the world. He finds that, facing a crisis of...

The aim of this paper is to examine the theoretical and empirical arguments for the relationship between the exchange-rate regime and economic growth. As a nominal variable, the exchange rate (regime) might not affect the long-run economic growth. However, there is no unambiguous theoretical...